It is all but certain that Prasad will be joining Kings XI Punjab as their bowling coach and in order to avoid potential 'Conflict of Interest', the former seamer stepped down less than a month after India won the ICC U-19 World Cup.
The other two members of the panel currently are former Uttar Pradesh all-rounder Gyanendra Pandey and former Baroda batsman Rakesh Parikh.
Kapoor, along with Punjab batsman Amit Sharma, was a part of the five-member junior selection panel before it was pruned to three as per Lodha Committee recommendations.
"They had to make way because the other three (Prasad, Pandey and Parikh) were appointed in September 2015 and these two (Kapoor and Sharma) in 2016. Now with Venky gone, it's only fair that Ashish makes a comeback as he has better credentials than Amit. He will in any case be the only Test cricketer in junior panel. Unless Committee Of Administrators (COA) has something completely different on their mind, it's going to be Ashish," said the official.
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Punjab batsman Sharma has played 53 first-class and 40 List A games between 1993 and 2003.
While Prasad opted for the greener pastures of cash-rich IPL, it is widely believed that not being considered for the GM's (Cricket Operations) post was one of the primary reason for his resignation.
Also the BCCI did not announce any cash reward for the junior panel despite the U-19 side winning the World Cup.
The senior panel and women selectors, however, got richer after both men's and women's team finished runners-up in ICC Champions Trophy and World Cup respectively.
"Look, everyone also looks at the financial benefits of any deal. One can't fault Venky if he is looking at an opportunity with an IPL franchise where he would get paid significantly more for a period of 7 weeks compared to what he draws as per annum salary from the BCCI.
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